PNC Financial Services Group Inc. Lowers Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

PNC Financial Services Group Inc. reduced its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 7.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,971 shares of the closed-end fund’s stock after selling 2,018 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Nuveen Municipal Value Fund were worth $223,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UBS Group AG lifted its stake in Nuveen Municipal Value Fund by 27.5% in the fourth quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock worth $48,221,000 after purchasing an additional 1,208,804 shares during the last quarter. Granby Capital Management LLC boosted its holdings in Nuveen Municipal Value Fund by 23.8% during the 4th quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock valued at $11,180,000 after acquiring an additional 250,000 shares during the period. Relative Value Partners Group LLC bought a new position in Nuveen Municipal Value Fund during the 4th quarter worth approximately $7,420,000. Raymond James Financial Services Advisors Inc. increased its stake in Nuveen Municipal Value Fund by 44.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 621,115 shares of the closed-end fund’s stock worth $5,342,000 after purchasing an additional 191,461 shares during the period. Finally, Pettinga Financial Advisors LLC bought a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $1,154,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

NYSE:NUV opened at $8.61 on Wednesday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $8.93. The business has a 50 day moving average price of $8.55 and a 200-day moving average price of $8.63.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a dividend of $0.029 per share. The ex-dividend date is Monday, July 15th.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.